Bloomberg News

Ethanol Output in U.S. Increased 0.5%, Energy Department Says

February 15, 2012

Feb. 15 (Bloomberg) -- Ethanol production in the U.S. rose 0.5 percent to 928,000 barrels a day last week, according to the Energy Department.

Output climbed for the second time in six weeks. Stockpiles surged 2 percent to a record 21.5 million barrels, the ninth consecutive weekly gain and the longest such streak since the department began tracking the data in June 2010, the report showed.

Production of conventional gasoline blended with ethanol gained 2.2 percent to 5 million barrels a day, the department said, the highest level since Dec. 23.

Denatured ethanol for March delivery was unchanged at $2.217 a gallon at 10:36 a.m. New York time on the Chicago Board of Trade.

--Editor: Charlotte Porter

To contact the reporter on this story: Mario Parker in Chicago at mparker22@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net.


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